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$SWN 2Q15 Q&A: Brackett of Sanford Bernstein had a question regarding takeaway strategy, about assets’ growth. Steve explained that over FY18, there will be overbuilt in almost every facet; NGLs, processing, gas takeaway. If pipeline starts going to get built today and rig count is same, there will be some gas volume that can grow into pipeline.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?